Examlex
Match each term with its definition.
-Screening portion of the interview should end with this
Invest
The act of allocating resources, usually money, with the expectation of generating an income or profit.
Nominal Annual Rate
The annual interest rate quoted by financial institutions, not adjusted for inflation or other factors that affect the real rate of return.
Balloon Payment
A large, one-time payment due at the end of a loan term, after a series of lower regular payments.
Equal Monthly Payments
Equal monthly payments refer to the uniform payment amount made in each period, often seen with loans like mortgages, where principal and interest are paid off over time.
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